Main Components of Financial Planning Process

1. Cash flow analysis – understands your cash flow and the connection between
your current assets and debts. It is also includes goal planning as part of this
step.

2. Risk management – Is on how you deal with life situation wherein it helps you
identify, assess and control threats to your capital, earnings and savings.

3. Superannuation planning – or annuity is a crucial investment you will own that

you are maximizing the opportunities within structure. It includes the investment,
analyzing fees and asset allocation etc.

4. Retirement planning – helps you set a goal for, when you want to retire and your
income and lifestyle objectives during retirement.

5. Investment management - it refers to the handling of financial assets and other

investments not only buying and selling them. It is a strategy that takes your
goals.

6. Taxation Planning –tax management is needed in order to maximize and

preserve your investment returns.